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The Parker Company has a net income of $120,000. There is $3,600,000 in sales. Total assets are $900,000, total receivables are $150,000, and the equity multiplier ratio is 2.2X. What is Parker's total asset turnover? What is Parker's ROE?

The Parker Company has a net income of $120,000. There is $3,600,000 in sales. Total assets are $900,000, total receivables are $150,000, and the equity multiplier ratio is 2.2X. What is Parker's total asset turnover? What is Parker's ROE?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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The Parker Company has a net income of $120,000. There is $3,600,000 in sales. Total assets are $900,000, total receivables are $150,000, and the equity multiplier ratio is 2.2X. What is Parker's total asset turnover? What is Parker's ROE?
Transcribed Image Text:The Parker Company has a net income of $120,000. There is $3,600,000 in sales. Total assets are $900,000, total receivables are $150,000, and the equity multiplier ratio is 2.2X. What is Parker's total asset turnover? What is Parker's ROE?
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